wholesome sweeteners acquired

Summary. Our business aligns with the powerful movements in the U.S. and around the world. The transaction has been approved by both companies’ Boards of Directors. Para cambiar permanentemente los ajustes de su cuenta, vaya a Arlon Food and Agriculture Partners, in partnership with management and Edward Billington & Son, has acquired Wholesome Sweeteners. Under the terms of the agreement, Wholesome will receive $180 million in cash and is eligible to receive up to $55 million of additional consideration under an earnout through the end of calendar year 2021. Whole Earth Brands (NASDAQ:FREE) strikes a deal to acquire WSO Investments, which is the holding company for Wholesome Sweeteners Incorporated. Fair Trade, Organic & Natural, Non-GMO sugars, syrups, stevia, honeys and molasses. The Wholesome brand was built on a mission of supporting farmers and to date has paid nearly $23 million in Fair Trade premiums. Mr. Manzone was the CEO of Flavor Holdings. Search Crunchbase. Wholesome… April 19/New York/Business Wire -- Arlon Group, an investment firm focused on food and agriculture, announced that Arlon Food and Agriculture Partners LP, in partnership with management and Edward Billington & Son, has acquired Wholesome Sweeteners. New products include Hershey’s Kisses milk chocolate Meltaway Roses and Reese’s Mallow-Top Peanut Butter Cups. Products. Whole Earth Brands acquires Wholesome Sweeteners in $180m deal By Mary Ellen Shoup contact COVID-19, business restructuring highlight most read stories of the year. Wholesome Sweeteners, Inc.—owner of Wholesome!, a U.S. brand of organic, Fair Trade and Non-GMO sugars and sweeteners—has purchased of the organic candy company, TruSweets. The transaction is expected to close during the first quarter of 2021. Wholesome Sweeteners Acquired by Whole Earth Brands. “Whole Earth Brands is delivering on that expectation by becoming the leader in plant-based and alternative sweeteners around the world, and we are looking forward to integrating Wholesome and growing the world-class brands within our Whole Earth Brands platform.”, We use cookies to provide you with a better experience. brand. name brand. Wholesome Sweeteners currently offers more than 40 retail stock-keeping units (s.k.u.s) in the United States and Canada under the Wholesome! (TM), the leading U.S. brand of organic, Fair Trade and Non-GMO sugars and sweeteners. Wholesome Sweeteners, Inc.® Acquires Organic Candy Company, TruSweets. Further Expands Whole Earth Brands’ Scale in the Natural Category: Including proforma contribution of Wholesome and the Company’s recent acquisition of Swerve, L.L.C. “Our business aligns with the powerful movements in the US and around the world. The initial purchase price is $180 million in cash, according to a press release on the topic, and is expected to close during Whole Earth Brands’ first quarter 2021, contingent on completion of a review under antitrust laws. Su preferencia se ha actualizado para esta sesión. Meet the perfect blend of monk fruit extract and allulose in powdered form. Our extendable brands create opportunities for significant growth through channel, product and category expansion. “Wholesome’s leading position in organic sugar, honey, agave and allulose is a perfect complement to our existing portfolio of natural and alternative sweeteners,” said Albert Manzone, chief executive officer of Whole Earth Brands. Save my name, email, and website in this browser for the next time I comment. We share a common vision with Whole Earth Brands – to support consumers’ health and wellness goals by providing innovative products that they can feel good about and enjoy. Whole Earth Brands is delivering on that expectation by becoming the leader in plant-based and alternative sweeteners around the world, and we are looking forward to integrating Wholesome and growing the world-class brands within our Whole Earth Brands platform.”. Wholesome Sweeteners has acquired 1 company of its own, including 1 in the last 5 years.. Wholesome Sweeteners has acquired in 1 US state. Wholesome is the U.S. leader in organic, plant-based and fair-trade certified sweeteners, including sugar, honey, agave nectar, allulose and other liquid sweetener products. TruSweets will add its two candy brands, Surf Sweets and TruJoy Sweets to the Wholesome Sweeteners portfolio. You have entered an incorrect email address! Design, CMS, Hosting & Web Development :: From breaking news to R&D insights, we’ll send you the top stories affecting the industry. Wholesome Sweeteners is a manufacturer of organic sweeteners, including sugar, honey, agave, allulose and other liquid products. name brand. The initial purchase price of $180 million approximates 7.8x Wholesome’s calendar 2020 estimated adjusted EBITDA, according to Whole Earth Brands. The press release notes that organic sugar consumption is growing at 1.5x the rate of conventional sugar in the United States, and Wholesome is the largest single importer and consumer of organic sugar in the country. Suite 500 Sugar Land, TX 77478 Besti natural powdered sweetener replaces powdered sugar 1-to-1, but has zero calories, zero net carbs, and zero glycemic index. Arlon led the buyout of Wholesome Sweeteners alongside Billington, Wholesome Sweeteners' management and several other investors. The Natural View: How Retailers, Brands, and Suppliers Can Gain a Competitive Edge with ELI Codes, Aged Garlic Extract and Cardiovascular Health: What the Science Says, The Natural View: The Benefits of Astaxanthin and Vitamin C. The Natural View: How Retailers, Brands, and Suppliers Can Gain a... Drug Induced Nutrient Depletion can Harm Your Health. Wholesome Sweeteners is a 50/50 joint venture between Imperial Sugar Company of the US and Edward Billington and Son of the UK. Chicago, IL—Whole Earth Brands Inc. has entered an agreement to acquire all of the issued and outstanding capital stock of WSO Investments Inc., the holding company for Wholesome Sweeteners Incorporated. TruSweets will remain headquartered in Wheeling, Illinois, and Wholesome Sweeteners will stay in Sugar Land, Texas. Wholesome! Whole Earth Brands acquired Swerve LLC, New Orleans, a maker of keto-friendly sweeteners and baking mixes, in November. TruSweets adds its two candy brands, Surf Sweets and TruJoy Sweets to the Wholesome Sweeteners portfolio. has been committed to organics and staying on the cutting edge of eco-friendly agriculture since its founding in 2001. “Consumers are demanding more dietary options that enable healthier lifestyles, and Whole Earth Brands’ business strategy is built on meeting those needs through our innovative product pipeline and global distribution network,” said Irwin D. Simon, Executive Chairman of Whole Earth Brands, in the press release. 468 talking about this. Toggle menu. Whole Earth Brands, Inc., was formed this past June and is a combination of Flavors Holdings, Inc. subsidiaries Merisant Co., a manufacturer of sugar substitutes, and MAFCO Worldwide LLC, a manufacturer of licorice products. Advanced. “Better-for-you candy is a large and growing market,” said Nigel Willerton, chief executive officer of Wholesome Sweeteners. Terms of the deal were not disclosed. Organic candy company, TruSweets, has been acquired by Wholesome Sweeteners, Inc.(R), owner of Wholesome! Resources. The transaction is expected to close during the first quarter of 2021. WholeFoods Magazine is your one-stop resource for health and nutrition articles. Nigel Willerton, Chief Executive Officer at Wholesome Sweeteners, commented in the press release, “Wholesome is the #1 organic brand in the natural channel. We provide important information regarding industry news, research, and trends. Are Formulation Changes Putting your Brands at Risk? Wholesome Sweeteners is a manufacturer of organic sweeteners, including sugar, honey, agave, allulose and other liquid products. Log In. “Consumers are demanding more dietary options that enable healthier lifestyles, and Whole Earth Brands’ business strategy is built on meeting those needs through our innovative product pipeline and global distribution network,” said Irwin D. Simon, executive chairman of Whole Earth Brands. Wholesome Sweeteners Inc., a brand of organic, fair trade, and non-GMO sugars and sweeteners, purchased organic candy company, TruSweets.The transaction adds TruSweets' two brands, Surf Sweets and TruJoy Sweets, to the Wholesome Sweeteners portfolio. Arlon Group entered into a definitive agreement to acquire a majority stake in Wholesome Sweeteners, a producer of organic and Fair Trade certified sweeteners, alongside Edward Billington & Son, Ltd. Arlon will become the majority shareholder in the business by acquiring a portion of Billington's current ownership interest and all of the shares owned by Imperial Sugar Company. Wholesome Sweeteners has acquired the companies: Wholesome Sweeteners, Swerve, Surf Sweets. Overview. brand is the nation’s leader in organic, Fair Trade and Non-GMO sugars, molasses, syrups, stevia and honeys. “Sweets are a joyful experience in cultures around the world, and consumers are demanding more sweetener options that fit within their individual health and dietary needs so that they can continue to enjoy life’s everyday moments and the celebrations that bring us together. Branded CPG sales mix. The transaction, expected to close in the first quarter of 2021, has been unanimously approved by Whole Earth Brands’ and Wholesome’s Boards of Directors. “Wholesome will mark our second strategic acquisition since our business combination in June of this year and we are excited about the platform we are building across the sweetener category in North America,” said Albert Manzone, Whole Earth Brands Chief Executive Officer. What is Wholesome Sweeteners's tech stack? Resources. Wholesome Sweeteners Inc. is "the US leader in organic, plant-based and fair-trade certified sweeteners", Whole Earth Brands said in a statement today (17 December) to announce the deal. Branded CPG sales mix and 72% of Whole Earth’s global Branded CPG sales mix. One Sugar Creek Center Blvd. The Company’s most targeted sectors include food (100%).. Join Mergr and gain access to Wholesome Sweeteners’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector. Chicago, IL— Whole Earth Brands Inc. has entered an agreement to acquire all of the issued and outstanding capital stock of WSO Investments Inc., the holding company for Wholesome Sweeteners … By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Whole Earth Brands, Inc. Enters Into Definitive Agreement to Acquire Wholesome Sweeteners, North America’s #1 Organic Sweetener Brand Download as PDF December 17, 2020 7:00am EST Automated Artisan Dough Technologies - From Silo to Mixer, Jimmy’s Cookies to acquire artisan bread brand from Campbell Soup, Mondelez International acquires better-for-you snack brand, Slideshow: Hershey unveils Valentine’s Day, Easter lineup, Hershey's 2021 Valentine’s Day and Easter innovations. Wholesome Sweeteners acquired by Whole Earth Brands. 3 December 2015 - US-based organic sweetener maker Wholesome Sweeteners, Inc has acquired the organic candy company, TruSweets, the company said. © Copyright 2020 WFC, Inc. All Rights Reserved. “Wholesome’s leading position in organic sugar, honey, agave and allulose is a perfect complement to our existing portfolio of natural and alternative sweeteners. 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